Cheap Apartments for Rent in the Lake Union Neighborhood of Seattle, WA from $600 (116 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Union area of Seattle.

Odessa Apartments

Martinique

The Local 418 Apartments

Derby Capitol Hill

Welcome to Lakeview! - Live in Luxury & Style
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Dexter Lake Union

Vertex Off Broadway

3644 Woodland Park Ave N

408 7th Ave N

5th & Mercer Apartments

PERCH The Perch

Carolina Court Apartment Homes

3636 Wallingford Ave N

Alt Capitol Hill
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Velo and Ray

Lakeview Apartments

The Local 422 Apartments

Belgrove Court

Derby SLU

3508 Wallingford Ave N

1520 Eastlake Ave E

Stream Dexios

Bell View Apartments - Capitol Hill Neighb...

The Summit at Lake Union
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

624 Yale Ave N

Lake Union Tower

2235 Yale Ave. E.

2117 Dexter Ave N

Illumina Apartment Homes

Northbridge Apartments

708 6th Ave N

Orion
Seattle's Best Affordable Neighborhoods
Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

Shelton Eastlake

Stream 403 – Stylish Living in Capitol Hill

Modera South Lake Union

Sitka

Ondine Apartments

Union Bay
Lake Union, Seattle, WA Local Guide

How much does it cost to rent an apartment in Lake Union?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Union Studio Apartments | $1,999 | $795 | $8,119 |
Lake Union 1 Bedroom Apartments | $2,924 | $1,495 | $9,813 |
Lake Union 2 Bedroom Apartments | $5,148 | $1,850 | $10,000+ |
Lake Union 3 Bedroom Apartments | $12,148 | $3,800 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 116 rentals with your search options within a 2 mile radius of the Lake Union Neighborhood of Seattle, WA.
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Lake Union, Seattle, WA Local Guide
- Nearby Seattle neighborhoods
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Cheapest Available Lake Union Apartments for Rent
 The cheapest available apartment rental in the Lake Union area of Seattle, WA is a Studio unit found at Amherst Micro Studios priced from $795. 2371 Franklin Apartments in Eastlake has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Lake Union apartments for rent in Seattle, WA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Amherst Micro Studios | Micro Studio | Studio,1BA | $795 |
2371 Franklin Apartments in Eastlake | $500 OFF Look and Lease! Lease Today! | Studio,1BA | $899 |
Kulle Urban Living | Urban Studio F | Studio,1BA | $1,050 |
Yale | 0BR/1.0BA | Studio,1BA | $1,095 |
Lime Studios | 0 Beds, 1 Baths | Studio,1BA | $1,145 |
Vermont Inn | Furnished- Six Month Lease | Studio,1BA | $1,195 |
Edwards on Fifth | Studio_3 | Studio,1BA | $1,199 |
Sheffield | STUDIO/1BA | Studio,1BA | $1,250 |
Castle Apartments | 101 | Studio,1BA | $1,250 |
Varick | 0BR/1.0BA | Studio,1BA | $1,295 |
Best Value Apartments for Rent in Lake Union, WA
As of May 16, 2025 the best value apartment in the Lake Union area is the $2.89 price per square foot 2 Bed 2 Bath Model at Domaine in the in the Queen Anne neighborhood starting from $3,284. The second greatest value Lake Union apartment is the 2x1 Model at Roycroft Apartments starting at $2,100 with a $2.10 price per square foot in the Capitol Hill neighborhood. Here is today’s list of the best values for Lake Union apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Domaine | 2 Bed 2 Bath | 2BR,2BA | $2.89 |
Roycroft Apartments | 2x1 | 2BR,1BA | $2.10 |
Lakeview Apartments | 2 Bedroom | 2BR,1BA | $2.31 |
Larimda | 1BDRM | 1BR,1BA | $2.38 |
Equinox Apartments | Open 1x1 | Studio ,1BA | $2.90 |
Northbridge Apartments | One Bedroom Apartment | 1BR,1BA | $2.72 |
Red Lion | 1bd/1ba 2 | 1BR,1BA | $2.63 |
Castle Apartments | 101 | Studio ,1BA | $2.60 |
Valley Street Apartments | 1BR/1.0BA | 1BR,1BA | $2.92 |
Amherst Micro Studios | Micro Studio | Studio ,1BA | $2.27 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleLake Union, Seattle, WA
Ranked #16
Among neighborhoods in Seattle, WA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team of engineers and researchers compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Lake Union, Seattle, and the greater Seattle area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, places that make kids happy, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Lake Union Apartments
What is the Cheapest Studio apartment in Lake Union?
Currently the most affordable Cheap Studio Apartment in Lake Union is at Amherst Micro Studios listed at $795.
How much is rent for a Cheap One Bedroom Lake Union Apartment?
The lowest price for a Cheap One Bedroom Lake Union Apartment is $1,400 at Valley Street Apartments.
What is the lowest price for a Cheap Two Bedroom Lake Union Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Union is starting from $1,825 at UDH - University District Heights.
What is the most affordable Lake Union Three Bedroom Apartment?
The best deal on a cheap Lake Union Three Bedroom Apartment rental is at REN and starts from $5,497.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The 10 Best Affordable Neighborhoods in Seattle, WA
Written by: Sharon Stallings
I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. My husband, two children, and I moved to West Seattle in 1995.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.